Obama announced that he's named senior White House budget official Daniel Werfel to the position.

"Throughout his career working in both Democratic and Republican administrations, Danny has proven an effective leader who serves with professionalism, integrity and skill," Obama said in a statement. "The American people deserve to have the utmost confidence and trust in their government, and as we work to get to the bottom of what happened and restore confidence in the IRS, Danny has the experience and management ability necessary to lead the agency at this important time."

Obama said on Wednesday that he'd accepted the resignation of acting Internal Revenue Service Commissioner Steven Miller in the aftermath of revelations that agency officials were putting extra scrutiny on Tea Party groups' applications for tax-exempt status.

Werfel, 42, currently serves as controller of the Office of Management and Budget.

Werfel will start the job on Wednesday and has agreed to serve in the position through September.

Werfel will lead the IRS efforts to restore its reputation that has taken a beaten since it was made public that the organization was targeting conservative groups.

Werfel has served in a number of other positions at OMB, including deputy controller, chief of financial integrity and as a policy analyst. He also served during the George W. Bush administration as a member of the Federal Accounting and Standards Advisory Board.